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Citigroup brings out a bigger Ax

Tags: C, Citigroup, Vikram Pandit, C
17 Nov 12:31pm
Posted by ChrisKrasowski
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A shell of its former cash-loaded banking self, Citigroup (C) delivered another blow to its workforce today with the announcement of over 50,000 job cuts. The cuts are all part of an effort to reduce costs by 1/5th at the bank, which has seen its shareholders lose 67% of their value year-to-date.CEO Vikram Pandit told reports of the plans to reduce company headcount to 300,000 in the "near-term". This latest round of cuts come on the heels of a worsening economic climate and an already slashed...
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Wal-Mart Optimistic on Economy as others slash outlooks

Tags: BBY, WMT, Wal-Mart, BBY, WMT
13 Nov 12:30pm
Posted by ChrisKrasowski
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The clout and reputation of Wal-Mart (WMT) precedes it even in the most trying consumer and economic times. Not only is WMT the only component of the Dow to be in positive territory for the year it is one of those American bedrock companies that span the nation and its shopping consciousness.With Wal-Mart reporting an almost 10% rise in year over year profit for the quarter it is becoming crystal clear that even a tight-wallet shopper needs the inexpensive wares provided by his or hers neighbo...
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Wal-Mart Optimistic on Economy as others slash outlooks

Tags: BBY, WMT, Wal-Mart
13 Nov 12:30pm
Posted by ChrisKrasowski
0 Comments
Read original blog entry
The clout and reputation of Wal-Mart (WMT) precedes it even in the most trying consumer and economic times. Not only is WMT the only component of the Dow to be in positive territory for the year it is one of those American bedrock companies that span the nation and its shopping consciousness.With Wal-Mart reporting an almost 10% rise in year over year profit for the quarter it is becoming crystal clear that even a tight-wallet shopper needs the inexpensive wares provided by his or hers neighbo...
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Stock Gains from China Economic Plan evaporate in Afternoon Trade

Tags: GM, AIG, FNM, China bailout, F, F, GM, AIG, FNM
10 Nov 12:21am
Posted by ChrisKrasowski
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In this continuing seemingly unprecedented global crisis the next stimulus injection attempt is being carried out by the Chinese. China announced a $586Billion US stimulus package it will use to try to guide that nation through the perils of today and tomorrow's economic pressures. The package, which was designed to boost business and consumer confidence, and hence bolster the economy was seen as a light for Asian markets.US stocks began the day climbing about 2% at the open, but those gains w...
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Stock Gains from China Economic Plan evaporate in Afternoon Trade

Tags: GM, AIG, FNM, China bailout, F
10 Nov 12:21am
Posted by ChrisKrasowski
0 Comments
Read original blog entry
In this continuing seemingly unprecedented global crisis the next stimulus injection attempt is being carried out by the Chinese. China announced a $586Billion US stimulus package it will use to try to guide that nation through the perils of today and tomorrow's economic pressures. The package, which was designed to boost business and consumer confidence, and hence bolster the economy was seen as a light for Asian markets.US stocks began the day climbing about 2% at the open, but those gains w...
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About

ChrisKrasowski

WC Power Tech Fund founder. Chris sets out to prove that the new generation of investor can emerge from nontraditional circumstances. An engineering graduate from a Canadian University, Chris developed his passion for investing and the markets at an early age and personally owned his first stock at the age of 16. Now 24, with work experiences in the banking and investment banking industries in front of him and behind him, Chris built a personal trading account into the unofficial WC Power Tech Fund. The fund's official blog gives Chris the opportunity to write about investment topics of all shapes and sizes giving insights, opinions and market commentary to seasoned and new investors alike. Visit: http://wcpowertechfund.blogspot.com

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